BONK ~ 5D #BONK If you still have Conviction on this coin,. This support block would be a very good buy spot for now. with a target of 20%+
I think if spy breaks below 584 we will see 581 by next week.
Even though I typically disregard lower time frame patterns this cup and handle pattern that just formed and confirmed is so pretty I thought I would share it with everyone.
Gold is trading in an uptrend in early Asian session with resistance facing around 2640. The price range is widening today. On the upper side, pay attention to the 2650 and 2660 zones in the European and US sessions and the main resistance level of the week could reach 2690. It is difficult to wait for buy retests in the current areas, at least wait for 2621, 2615, the strong support zone of the week around the bottom of 2585.
1-Hour Chart Analysis (For Trading): * Trend: The stock is trending downward within a descending channel. * Price Levels: * Resistance Levels: $76.00 and $79.20. * Support Levels: $73.50 and $70.40. * Indicators: * MACD: Slightly bearish crossover, indicating continued selling pressure. * Stochastic RSI: Oversold but not yet turning upward; signals potential continuation of the downtrend or consolidation. * Volume: Declining volume shows a lack of momentum to break out of the descending channel. * Entry Strategy: * Short Entry: If PLTR breaks below $73.50 with increasing volume, enter a short position targeting $70.40. * Long Entry: Wait for a breakout above $76.00 with a large bullish candle supported by volume. * Exit Strategy: * Place stop-loss at $75.50 for shorts and $74.50 for longs. Daily Chart and GEX (For Options Trading): https://www.tradingview.com/x/PZEV2rk8/ * Gamma Exposure (GEX): * Call Resistance Levels: $80, $83, and $84. * Put Support Levels: $75, $73, and $70. * Options Oscillator: * IVR: 68 (moderate), suggesting average implied volatility. * Calls Dominate: 64.5%, showing positive sentiment but with strong resistance overhead. * Insights: * Bullish Option Play: Buy calls if PLTR breaks $80 and sustains above $81, targeting $84. * Bearish Option Play: Buy puts if PLTR breaks below $73 with a target of $70. Key Observations: * The stock remains under pressure within a bearish channel. * Both price action and GEX suggest significant resistance at $80, making this a critical level for bullish scenarios. * Short-term trades align with a bearish strategy, while any upward momentum must clear $76 decisively. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.
Price has formed a monthly resistance level which aligns with the 1.18 and 1.27 fib extension. On the weekly timeframe, price never hit the 38.2 fib level. I believe that we are headed for a long term sell if we can break key levels to the downside. Shorter term sell, I believe we are headed to 1.470XX.
Happy New Year! Hope everyone make more money in this new year!!! Todays gameplan: If the gold price holds above 2633, I would consider a BUY. Set the Stop Loss at 2630 and aim for the First Take Profit target at 2638, with the Second Take Profit target at 2643. If the gold price cannot hold above 2631, I would consider a SELL. Set the Stop Loss at 2636 and aim for the First Take Profit target at 2627, with the Second Take Profit target at 2623.
PEPPERSTONE:HK50 https://www.tradingview.com/x/1VE8D9Oy/ Happy New Year everyone! 1h Chart From the chart we can see the 1h MACD forming Golden Cross on last 31/12/2024 0900; it was pumped to have a nice closure for 2024 and went for a heavy party. This morning, as we can see the hangover hits quite severely! The index plunged more than 500bps this morning. The MACD indicator now is forming Deadcross and in its bearish mode. The KDJ is also in its bearish zone. Today the index could find support at 19453 and resistance at 19753. D Chart https://www.tradingview.com/x/aN32Cy2V/ Well, we wish we had a crystal ball. From the D chart, the MACD line crosses the Signal line forming a Deadcross. However, the Signal line is yet to cross below zero although the KDJ is already in its bearish zone. Do not be swayed by the news, stick to your plan and set your TP/SL. Do not anticipate and speculate how the markets move, we can only react with Buy,Hold or Sell. Let's monitor the movement and practice your zentrading strategy. Happy trading everyone! Wishing you the best coming to you this 2025! Let's continue ?♂️ Zen-ing with ? and ?.
This common looking candlestick that I've circled here is a type of indecision candle can indicate the presence of a large bullish order block below it. When we do a quick overview of the order flow data available through BookMap's heatmap we can clearly confirm that a massive order block does indeed exist and support spans a substantial area below current price action. For this asset class this can justify marking the candle with a green dot which indicates a long entry was taken. The green dot which is substantiated by not only correlation between this asset and the DXY index but confluence from actual order flow data.
The EUR/USD pair is showing signs of potential recovery from oversold conditions on the 4-hour timeframe. While the broader trend remains bearish, several oscillators are indicating the possibility of a short-term bullish reversal. Key support levels are holding firm, suggesting that buyers may soon step in to regain control. Although the EUR/USD pair is under broader downward pressure due to macroeconomic factors, oversold conditions on the technical chart suggest a potential near-term rally. Subscribers should be cautious but open to opportunities for upside moves, especially if market sentiment shifts in favor of risk-on assets. The EUR/USD is positioned at a critical juncture, with oscillators signaling a potential reversal to the upside. Subscribers are advised to monitor the 1.0332 support zone closely and consider taking long positions, targeting the 1.0450-1.0500 resistance levels. This setup presents a favorable risk-reward scenario for traders who align with the uptrend bias. The pair remains in a downtrend, as confirmed by lower highs and lower lows, coupled with bearish signals from moving averages. Current price action is consolidating near key support levels, suggesting indecision in the market. OSCILLATORS Stochastic %K (11.44) and Stochastic RSI Fast (12.91): Both are signaling a strong Buy, indicating the pair is deeply oversold and due for a bounce. Commodity Channel Index (CCI) (-145.83): The CCI shows a clear Buy, highlighting a potential recovery from the current price levels. Momentum (-0.00283): The Momentum indicator also flashes a Buy, suggesting a slowing of bearish pressure and improving upward momentum. Williams Percent Range (-86.11): This indicator suggests oversold conditions, providing a Buy signal for the pair. MOVING AVERAGES Most moving averages show a bearish bias The Hull Moving Average (HMA) is signaling a Buy This indicates potential for short-term upside momentum PRICE ACTION The pair has consistently respected the 1.0332 major support level, showcasing a strong demand zone where buyers are stepping in to defend prices. The short-term bounce from these levels aligns with the uptrend bias supported by oscillators. SUPPORT 1.0332: Major support and a critical pivot low for buyers. Holding above this level is key to maintaining upward momentum. 1.0400: Minor support level offering immediate stability. RESISTANCE 1.0450: The first key resistance level to test the strength of the recovery. 1.0500-1.0518: Strong resistance zone, aligning with the 200-period EMA and SMA. TRADE RECOMMENDATIONS Buy Entry: Look for long positions near the 1.0332-1.0350 zone, with a stop-loss below 1.0300 to limit downside risk. Profit Targets: Target 1: 1.0450 – First resistance level. Target 2: 1.0500-1.0518 – Upper resistance zone aligning with key moving averages. Confirmation Entry: Additional buying opportunities may arise if the pair breaks above the 1.0450 resistance, confirming further bullish momentum.